Gold Spot (XAU/USD) AnalysisThe chart provided is of Gold Spot (XAU/USD) against the US Dollar, in a 4-hour timeframe. Here’s a detailed analysis and summary:
1. Trend Analysis:
- The overall trend from early March to mid-May was upward, with gold prices rising steadily.
- Recently, there has been significant volatility, with noticeable peaks and troughs indicating a correction or consolidation phase after the upward trend.
2. Support and Resistance Levels:
- Resistance: The recent high is around 2387.313.
- Support: Multiple levels including:
- 2304.029 (61.8% Fibonacci retracement level).
- 2281.389 (78.6% Fibonacci retracement level).
- 2252.548 (Key horizontal support level).
3. Fibonacci Retracement Levels:
- The chart shows Fibonacci retracement levels calculated from the recent high to the recent low.
- 50% level at 2319.931.
- 61.8% level at 2304.029.
- 78.6% level at 2281.389.
4. Chart Patterns:
- The dotted lines indicate A possible ascending channel, suggesting that the price has been moving within an upward-sloping range.
- Recent price action shows a breakdown from this channel, indicating potential bearish pressure.
5. Current Price Action:
- The price has dropped sharply and is currently around 2306.890.
- It is approaching the 61.8% Fibonacci retracement level, which might act as immediate support.
- If this level breaks, the next significant support is around 2281.389 (78.6% retracement).
6. Moving Averages and Indicators:
- The chart does not explicitly show moving averages or other indicators, but the trend lines and Fibonacci levels provide key insights.
Summary:
The chart of the Gold Spot against the US Dollar shows an overall uptrend that is currently facing a correction or consolidation phase. Key support levels to watch are around the 61.8% Fibonacci retracement level at 2304.029 and the 78.6% retracement level at 2281.389. It might resume its upward trend if the price stabilizes above these levels. However, a break below these supports could indicate further downside risk, with the next major support at 2252.548.
Xauusdsell
Gold Analysis=>Long and Short PositionGold seems to have succeeded in breaking the Resistance zone($2,373-$2,353) .
According to the Elliott wave theory , Gold still needs to increase to complete its 5-wave uptrend.
I expect Gold to start rising again after the pullback to the resistance zone and go up to Potential Reversal Zone(PRZ) .
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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US Nonfarm will be an important factor affecting USD and goldGold This morning I noticed a robust boom, so 2380 then fell returned to 2370.
With the Plan and Price Model running, the principle fashion is that Gold can nevertheless boom withinside the lengthy term. If everyone follows the D1 Frame or the Weekly Frame, you may truly see the trendline. The following height is better than the antique height and the subsequent backside is better than the antique backside.
>Current Price Frame I will purchase GOLD round 2364>2368
SL 2361
TP 2376>239x
This morning`s Asian session, please confer with this fee variety for trading. If there are developments, I will replace extra later ❤️❤️
Gold rebound does not continue, continue to short goldBecause the ADP data was lower than expected, suggesting that the US labor market is cooling, the possibility of the Federal Reserve cutting interest rates has increased, which has put downward pressure on US Treasury yields. Combined with the geopolitical tensions caused by the ongoing conflict in the Middle East, it continues to be a driving force for gold prices to avoid risks, and gold unexpectedly rose to around 2375.
Despite these factors stimulating the rise of gold, as the market waits for the NFP report on Friday, the upside space for gold is still limited. At present, gold has stopped at around 2375 and has not continued to rise above 2380. So for the trend of gold, I think gold will continue to fall.
First, the intraday Asian session continued to rise and hit 2375. From 2315 to 2375, it has risen by as much as $60. The entire rise process is too fast and too hasty, which is inconsistent with the bottoming rebound and slow-paced rise pattern. However, the overly fast and hasty rise will only consume the rising momentum too quickly, and the continuity is very poor;
Secondly, the time rhythm is wrong. A real upward pattern, under normal circumstances, will be a certain correction in the Asian session of the next trading day after the strength at the end of the previous trading day. No matter it is a retracement or sideways trading, a correction action is needed. The London trading session is moving higher, so that there will be strength and better continuity. There is a lack of correction in the Asian session and it rises directly, which makes it seem like the bulls have some false breakthroughs.
Therefore, I still see gold continuing to fall, and I am still holding the short position added near 2372. Now gold has fallen back to around 2360. The lowest has even fallen below 2360. Gold should still have room to fall. Let's look forward to it together!
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XAUUSD - Completely breaking the accumulation side of the SellerJust this morning, GOLD`s fee expanded via way of means of almost 20%, breaking the whole accumulation facet of the Sellers. Currently, as I see it, GOLD's subsequent response factor will maximum possibly react across the 238x Zone. As I additionally in reality advised all and sundry at the start of the week once I commented that so long as GOLD has a destroy thru 231x or 236x, it will likely be smooth to decide the Trend and New Trading Zone.
>As for today, I will nonetheless preserve the factor of view of purchasing GOLD to the 238x place after which perhaps going again to the 24xx place.
>Because Gold is likewise growing strongly and there are response rhythms with RSI being too Buy. So Absolutely there may be But the charge will lower slightly. Everyone ought to watch for GOLD to have a clean RSI destroy factor earlier than going to Sell
>Today's Plan Canh Buy 2366>2370
SL 2364
TP 2378>238x
>Sell Gold on Zone 238x
Wait for the marketplace response with RSI too Buy and Sell at 3>five prices.
Now at the 1st day, all and sundry simply move again to the competition and trade ❤️❤️
Don’t be fooled by the rise in gold, boldly short gold!Today's gold prices are more and more obvious, but yesterday's retracement trend and today's repeated failure to pull up, the trend is still obviously weak, and the short trend of gold is relatively obvious. Although today's ADP data is bullish for gold, gold did not rise immediately after the data was released, but swept back and forth, so the power of gold bulls is not obvious.
Now the short-term rise of gold has obvious signs of inducing more buying. Moreover, gold is not resolute in the process of rebounding and rising, and it still faces resistance in the 2345-2350 area in the short term. So don't be confused by the rebound of gold. On the contrary, now is a good opportunity to short gold. In addition, before the arrival of NFP on Friday, it is difficult for gold to have a unilateral market. It is expected that gold will still maintain a volatile trend to accumulate strength for the NFP market on Friday.
So now we can still rely on the resistance of the 2345-2350 area to boldly short gold!I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Gold fluctuates in a narrow range, with pressure at 2337-2340
The market is in a period of volatility and hesitation, and the MACD indicator is also flat, which can be understood as paving the way for Friday's data. It is still uncertain whether the data is good or bad for gold.
Friends who currently hold 20, 25-30 long positions can consider taking profits at 2337-2340, which is today's pressure level; if they cannot break through, short and look at around 2024
If you agree with my point of view, remember to pay attention, and leave a message if you have any questions
XAUUSD: Analysis June 5As much as Gold increased yesterday, Gold was pushed back down yesterday, showing that the resistance above is strong. However, there has not been any change in the chart structure because Gold D1 is still within the narrow price range of the larger price range. The formation of such a narrow sideways period is like creating a "detonator", which can cause Gold D1 to have a strong rebound in price in the near future.
Gold H1 was pushed back to the old bottom after the previous push up. The structure formed is an inverted V-shaped pattern, showing strong resistance at the upper border of the price range. The main topic of Gold H1 today is waiting for sale.
💡 H1 trend: Gold moves sideways.
Today's trading idea: Sell Gold.
XAUUSD - re-scanning the old accumulation zone of the BuyersYesterday Gold re-scanned the vintage accumulation quarter of the Buy faction. Currently, Gold has rebounded to the 233x area, however with this fashion and wave, it's far very in all likelihood that Gold could have every other moderate correction earlier than the Nonfarm news, everyone ❤️❤️
>Today I will Sell Gold round MA h1 and H4 from the fee variety 2340-2345
SL 2350
TP 2330>232x
If GOLD can growth once more thru the 2345 quarter and spoil thru the vintage resistance quarter, I will purchase and chase Gold returned as much as the 245x quarter.
If the Plan is correct, in my opinion, Gold will lower barely for 1 beat after which growth immediately, everyone ❤️❤️
Gold is Ready to break Support zone!!!Gold is moving near the Resistance zone($2,373-$2,353) , Resistance lines , Monthly Pivot Point , and Yearly Resistance(2) .
According to Elliott's wave theory , Gold seems to be completing the Flat Correction(ABC/3-3-5) .
I expect Gold to break the Support zone($2,337-$2,318) soon.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short gold, target 2330
From the 45-minute chart, we can see that the gold price is currently in a long-short selection and wash-out stage. The opening price of 2350 has fallen below. In the European session, we can directly look at short positions below 2350. If the price drops to around 2330, we can look at the reverse strategy intervention. In the US session, we can look at the gains and losses around 2330 and stabilize to recover the intraday decline.
Trading strategies can be referenced: short below 2350, with a target near 2330.
XAUUSD There is a strong upward correction through the 235x areaLast night time GOLD had a sturdy upward correction thru the 235x location. Currently, concerning the Trend, I see that GOLD is absolutely at the Buy side. This morning, Asian Gold consultation had a mild downward fashion following RSI to the resistance location 2343>2346. With this mild adjustment, in line with Minh Gold, there could be extra reactions on this zone. Because the weekend has very sturdy news, on weekdays I additionally advocate anyone to play Vol toddler safely. The marketplace remains going for walks so there's no scarcity of possibilities for anyone to trade 👌
> With the Current Price Plan, I will Buy Gold According to the response of Resistance and Ma in body M30 and above.
> Buy GOLD round 2342>2345
SL 2340
City 2356>2368
Today I will comply with Ma buying and selling in essential frames. If you comply with this fee model, Gold has three peaks at 2362>2360>2454. Then, if there's handiest one sturdy shopping for rhythm to interrupt thru this accumulation model, Gold can without difficulty growth strongly again. And if Gold follows this resistance plan, I will anticipate extra clean reactions earlier than Selling 👌👌
The DOWN trend prevailed at the beginning of the week⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The Gold price (XAU/USD) struggles in the Asian session due to conflicting factors and stays near a three-week low. The expectation of rate cuts by the Federal Reserve and easing inflationary pressures weaken the US Dollar, supporting gold as a safe-haven asset. However, positive market sentiment and hopes for a cease-fire in Gaza limit the upside for gold. Traders are waiting for important US macro data, including the Nonfarm Payrolls report, and central bank decisions from the Bank of Canada and the European Central Bank.
⭐️ Personal comments NOVA:
The selling pressure at the beginning of the week is still maintained - the DOWN trend is dominant, waiting for support areas for Gold
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2306 - $2304 SL $2299
TP1: $2312
TP2: $2320
TP3: $2330
🔥SELL GOLD zone: $2340 - $2342 SL $2347
TP1: $2332
TP2: $2327
TP3: $2320
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Short gold, target around 2300
From the 4-hour chart, it can be clearly seen that a head and shoulders top pattern has been formed, which is a bearish pattern. The short-term rebound high is 2336.
The trading strategy is mainly short selling, sell @ 2327-2332, and you can add short positions at 2336, with a target of 2305-2300.
You can configure your positions according to the above strategy for trading.
If you agree with my point of view, remember to pay attention, and leave a message if you have any questions
XAUUSD tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
The rebound is an opportunity to short goldAt present, gold has rebounded after touching the 2315 position, and has taken a bottoming-out and rebounding trend. However, from a technical perspective, gold has shown a clear willingness to go down. After gold fell below the 2330-2320 area, strong resistance was formed at 2335 and 2345 respectively. Combined with other periodic indicators to maintain a short position arrangement, the short trend of gold is strong!
Although gold is currently in a rebound stage in the short-term structure, according to the rebound strength, it is expected that the rebound space of gold is limited, so I think the rebound of gold is an opportunity to short. Don't think that 2315 is the bottom. Gold is likely to try to test 2300 or even 2280 during this round of decline.
So in terms of trading today, the idea of shorting at high levels remains unchanged. First, pay attention to the 2330-2335 resistance area, and then pay attention to the 2340-23450 resistance area. The former is regarded as the key of bears to test the low point again, or even break below 2315; the latter is the short-term strong defense of bears in the short-term volatile trend. In other words, below 2330, bears can complete the intraday low or new low in the short term; and after rebounding to 2345 and then falling, although there is still hope to test the new low, the time period will be longer.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Gold XAUUSD Intraday Robbery PlanMy Dear Robbers / Traders,
This is our master plan to Heist GOLD Mines based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
XAUUSD - dropped deeply as plannedSELL xauusd
2330-TP 2320
-
2340-TP 2320
--
Forecasts and comments
In May, global gold charges witnessed mild however constant growth, with a complete growth of 1.8% as compared to April, peaking at 2,449.89 USD/ounce on May 20. This is the fourth consecutive month of charge increases. According to Mr. Tai Wong, a valuable metals dealer in New York, the mild decline in gold charges can be a short-time period correction after a chain of recoveries due to the fact the start of the year. US PCE records confirmed a 0.3% upward thrust in April, displaying symptoms and symptoms of stabilizing inflation in 2024, with center inflation growing 2.7% withinside the twelve months to March.
Expectations for the Fed to reduce hobby charges from September 2024 have reduced as April inflation become unchanged from the preceding month and nonetheless a ways from the 2% target. Dallas Fed President Lorie Logan emphasised that even though inflation is coming near target, it's far nonetheless too early to keep in mind slicing hobby charges.
Analysts at UBS forecast that gold charges may want to upward thrust to $2,500/ounce in September and attain $2,600/ounce through the give up of the year. UBS additionally predicts that gold charges may want to attain 2,seven hundred USD/ounce through June 2025.
Huge selling pressure - Gold price continues to DECREASE✍️ NOVA hello everyone, Let's comment on gold price next week from 6/3 - 6/7/2024
🔥 World situation:
Gold (XAU/USD) slumped back into the $2,330s on Friday after the release of US Personal Consumption Expenditure (PCE) data for April. The data showed a decrease in core price pressures, with Core PCE cooling to 0.2% month-over-month. Analysts had expected it to remain unchanged at 0.3%. This unexpected decrease increased the likelihood of the Fed cutting interest rates sooner, which is positive for Gold as it reduces the opportunity cost of holding the non-yielding asset.
🔥 Identify:
Despite receiving positive economic news supporting Gold - the great selling pressure pushed Gold prices down immediately. Wait for the next support and decline areas next week
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2362, $2414
Support : $2306, $2282, $2250
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
The short sell is far from over, continue to short gold!At present, gold still maintains a weak downward trend and successfully breaks through the previous key support area of 2335-2330. It has already fallen below the previous low of 2325. Although it is just a puncture, the upward trend of shocks has been destroyed. The market trend has obviously changed. In addition, gold is running below the moving average today, and there is almost no resistance during the decline. The short-selling force will temporarily dominate the direction of the market.
As gold falls, the upper resistance also moves down. At present, the short-term resistance is concentrated in the 2340-2350 area. So we are still boldly shorting gold in this resistance area!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD is currently retesting the Bottom of the weekGOLD has presently retested the Bottom of the week and is absolutely beneath the MA line. According to this rhythm, anybody need to extrade the path of the Sell Wave lower back to Area 2310 after which New Canh reacts to the Support resistance or Rsi is simply too Sell after which Buy.
>Like the present day Gold Wave, I will watch the transaction in 2 directions. Gold Sell Soup on Zone 2336>2338
SL 2340
City 2330>2326
Buy GOLD in step with the candlestick location of the antique backside thru Area 2325>2328
SL 2323
TP 2336>2340
Gold price recovers in the short term !!⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) fell after a three-day winning streak due to the Greenback's slight recovery and hawkish comments from Federal Reserve officials. Strong US economic data also reduced expectations of a Fed rate cut in September, boosting the US Dollar and weighing on gold prices. However, geopolitical tensions and uncertainty may still drive demand for gold as a safe-haven asset. Central bank demand will continue to support higher gold prices in the short term. Traders are watching the Fed's Beige Book and John Williams' speech, as well as the release of the US Core PCE Price Index on Friday, which could impact the possibility of delaying a Fed rate cut if inflation shows signs of increasing.
⭐️ Personal comments NOVA:
Gold price recovered in the short term - however, the long-term frame H1 and H4 are showing a larger DOWN trend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2324 - $2322 SL $2319 SCALPING
TP1: $2330
TP2: $2335
TP3: $2340
🔥BUY GOLD zone: $2305 - $2307 SL $2300
TP1: $2315
TP2: $2330
TP3: $2340
🔥SELL GOLD zone: $2370 - $2372 SL $2375 scalping
TP1: $2360
TP2: $2350
TP3: $2340
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest